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RESOLUTION NO. 2016- 7. 02‘,I <br /> A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF <br /> SUNNY ISLES BEACH,FLORIDA,CONFIRMING THE BALANCE <br /> OF TRANSFER OF DEVELOPMENT RIGHTS ("TDRs") <br /> CURRENTLY HELD IN THE TDR BANK ACCOUNTS BY THE <br /> CITY OF SUNNY ISLES BEACH AND PRIVATE OWNERS, <br /> ATTACHED HERETO AS EXHIBIT "A"; REQUIRING YEARLY <br /> UPDATES FOR THE TDR BANK ACCOUNTS; PROVIDING THE <br /> CITY MANAGER WITH THE AUTHORITY TO DO ALL THINGS <br /> TO EFFECTUATE THIS RESOLUTION; PROVIDING FOR AN <br /> EFFECTIVE DATE. <br /> WHEREAS, the TDR Ordinance has played an instrumental role in making the City <br /> greener by facilitating the creation of open space throughout the City; and <br /> WHEREAS, the City Commission wishes to confirm the amount of TDRs currently <br /> owned by the City of Sunny Isles Beach and private owners. <br /> NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY <br /> OF SUNNY ISLES BEACH, FLORIDA, AS FOLLOWS: <br /> Section 1. Development Rights Account Balance. The City Commission hereby confirms <br /> the balance of Transfer of Development Rights owned by the City and private owners attached as <br /> Exhibit "A". <br /> Section 2. Authority of the City Manager. The City Commission hereby directs the City <br /> Manager or designee to provide yearly updates of TDR Bank account balances. <br /> Section 3. Effective Date. This Resolution shall beco - e 'z ctive upon adoption. <br /> PASSED AND ADOPTED this 17`t' day of Nov•mber 21 6. <br /> Georg- H. Scholl, Mayor <br /> ATTEST: <br /> Jane A. 'nes, MMC, City Clerk 3 <br />